The support policy for the top nine businesses on Douyin's e-commerce platform has saved businesses over 14 billion yuan in costs in the first half of the year.

On July 9th, Douyin e-commerce announced the progress of nine support policies in the first half of the year: from January to June this year, measures such as commission-free product cards, commission-free categories, reduced shipping insurance, refunding promotion fees, and small business support funds have saved merchants more than 14 billion yuan in costs. In June alone, the burden on merchants was reduced by 3 billion yuan. The policy of lowering the deposit has released more than 15 billion yuan of withdrawable funds for merchants, greatly improving the flexibility of merchant funds.